ProPhotonix Limited PPIX Issues Director/PDMR Shareholding Notice (9196Z)

TIDMPPIX

RNS Number : 9196Z

ProPhotonix Limited

23 May 2019

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

May 23, 2019

ProPhotonix Limited

("ProPhotonix" or the "Company")

Director / PDMR Shareholding

ProPhotonix Limited (London Stock Exchange - AIM: PPIX, OTC: STKR), a high technology designer and manufacturer of LED illumination systems was notified on May 22, 2019 that Tim Losik, the Company's Chairman and CEO, purchased 1,000,000 common shares of $0.001 in the Company ("Common Shares") on May 22, 2019, at a price of $0.0349 (GBP0.0274) per share. Following this purchase his beneficial holding amounts to 12,588,137 Common Shares representing 13.51 per cent of Common Shares in issue.

 
 Enquiries: 
  ProPhotonix Limited          Tel: [phone] 
  Tim Losik, President and     [e-mail] 
  CEO 
 Cantor Fitzgerald Europe    Tel: [phone] 
  (Nominated Adviser and 
  Broker) 
  Richard Salmond 
  David Foreman 
 

About ProPhotonix

ProPhotonix Limited, headquartered in Salem, New Hampshire, is a high technology designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Ushio, Osram, QSI, Panasonic, and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, security, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, U.K., and Europe. For more information about ProPhotonix and its innovative products, visit the Company's web site at www.prophotonix.com.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
 a)   Name                 Timothy Losik 
     -------------------  ------------------------------ 
 2    Reason for the notification 
     --------------------------------------------------- 
 a)   Position/status      CEO and President 
     -------------------  ------------------------------ 
 b)   Initial              INITITAL NOTIFICATION 
       notification 
       /Amendment 
     -------------------  ------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
     --------------------------------------------------- 
 a)   Name                 PROPHOTONIX LIMITED 
     -------------------  ------------------------------ 
 b)   LEI                  213800HRNS6E2XP4A909 
     -------------------  ------------------------------ 
 4    Details of the transaction(s): section 
       to be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) 
       each date; and (iv) each place where 
       transactions have been conducted 
     --------------------------------------------------- 
 a)   Description          Common shares of US$0.001 
       of the financial     each 
       instrument, 
       type of 
       instrument 
                            US7434651060 
       Identification 
       code 
     -------------------  ------------------------------ 
 b)   Nature of            Share purchase 
       the transaction 
     -------------------  ------------------------------ 
 c)   Price(s)               Price(s)   Volume(s) 
       and volume(s)          0.0274     950,000 
                               0.0275      50,000 
                                        ---------- 
     -------------------  ------------------------------ 
 d)   Aggregated            Price(s)   Volume(s) 
       information           0.027405   1,000,000 
       - Aggregated                    ---------- 
       volume 
       - Price 
     -------------------  ------------------------------ 
 e)   Date of              22 May 2019 
       the transaction 
     -------------------  ------------------------------ 
 f)   Place of             LONDON STOCK EXCHANGE (XLON) 
       the transaction 
     -------------------  ------------------------------ 
 

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May 23, 2019 02:01 ET (06:01 GMT)